$100k I hope so, because after 7 years running this fund I feel like I’m 80. Netherlands When does a country become a prison? It’s not unusual to be taxed on capital gains on leaving (like the US or Australia). Arguably you made the gains in the country and they are ‘entitled’ to their share.

Cantor Fitzgerald Paolo is the CEO of Tether. That tweet is how he announced their latest transaction, the sale of 5% of Tether to Cantor Fitzgerald for $600m. The subtlety here is the understatement. He understands something that few people appear to have their heads around. Cantor is an old school American financial services firm.

Through gritted teeth Tudor Investment Corp (because of the track record of Paul Tudor Jones) is a closely followed hedge fund. During the quarter they increased their bitcoin holdings to $159.9 million of iShares Bitcoin (4,428,230 shares). That’s a 400% increase in shares from Tudor’s previous filing as of June 30. It makes Bitcoin the

Like TV I have never seen the economic mission so simply explained. Nothing has changed since our last update on this chart though. Wherever the government involves itself, prices are dramatically higher. Whatever is tech-heavy has seen prices collapse. Once again. Prices should always fall. When people question the rise in bitcoin’s price, this particular

Winning Bigly I wrote these notes on Monday before we knew the outcome. I figured it would be easier to write about Kamala winning before she had done so.  As a reminder to myself to have a little more courage in my convictions, here they are. KAMALA That was not what we wanted. General themes

$100k In this sector, when you wish for something, or make a prediction, there is a good chance you will be slapped around the face with a rotten fish. Most readers have been on the volatile ride with us over the years and know that dropping 50% in short order, can happen, does happen and

An appeal to envy So we enter a new phase. The strategy among global central banks of insisting ‘bitcoin is a bubble that will fail’ has not worked. The ECB website is littered with attack articles going back decades. What is new this time is the basis of the argument. Author, Ulrich Bindseil is a

Bribery Election bribery is not new. In Australia marginal constituencies receive many times more Federal funding than safe seats. It’s not normally advertised though, which makes the latest effort of Kamala Harris surprising on a number of levels. It is apparent that she is struggling for votes from black men under 40. Accordingly, she has

ETF options Options on BlackRocks Bitcoin ETF IBIT are now approved. A highly volatile product on top of a highly volatile product. It took 10 years to get a simple spot ETF and 6 months to get something that must surely be orders of magnitude more risky. Pricing options correctly is hard. Doing so with

Cricket season Over the road, the cricket square has been cut. Chief among the amusements of the game is there is always a record that falls in cricket. However dull the particular encounter, something will happen. “The highest 8th wicket stand between a right and left hander in a tea-time session”.  “Most runs down the